In his remarkable essay, “Gold and Economic Freedom,” written in 1966, Alan Greenspan stated: Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, […]
Stocks and Precious Metals Charts – Don’t Lie To Yourself…
How We the People Were Screwed by Obama’s Bogus “Recovery” by Mike Whitney…
It’s amazing how Obama was able to dupe the American people into believing that the weakest expansion in the postwar era, was an “economic recovery.” Frankly, it boggles the mind. Think about it for a minute: Productivity, business investment, personal consumption, inflation and growth have all been either sputtering-along at half speed or at historic […]
Fed Debate Over $4.5 Trillion Balance Sheet Looms in 2017…
It’s time to talk about the balance sheet. Eight years after the Federal Reserve launched the first of three controversial bond-buying campaigns to help save the U.S. economy, its holdings are stuck at $4.5 trillion, and the question of when to let them shrink is beginning to simmer…
The Reason the Fed is Raising Rates, and Why It Won’t Work by Mike Whitney…
Why is the Fed creating incentives for US corporations to destroy themselves? Why is the Fed pushing insurance companies and retirement funds into bankruptcy? Why is the Fed raising interest rates when inflation is still well below its 2 percent target? Things are not always what they seem. In theory…
Three Federal Studies Show Fed’s Stress Tests of Big Banks Are Just a Placebo…
The only thing standing between the American people and another apocalyptic financial collapse among by the biggest banks on Wall Street is the Federal Reserve’s stress tests and capital requirements. After Wall Street laid waste to the U.S. housing market and economy…
Since 2014, the US Has Added 547,000 Waiters and Bartenders and Lost 32,000 Manufacturing Workers…
As another month passes, the great schism inside the American labor force get wider. We are referring to the unprecedented divergence between the total number of high-paying manufacturing jobs…
Burning Down the House…
There’s a new feature to the Anything-Goes-and-Nothing-Matters economy: Nothing-Adds-Up. The magicians who pretend to measure the growth of GDP…
Here’s Why Americans Are Mad as Hell at Wall Street and Washington…
Tens of millions of Americans clearly understand that an entrenched system of corruption such as this, perpetuated through a revolving door between Wall Street and Washington, while…
Donald Trump Economic Policy Speech (VIDEO and TRANSCRIPT)…
We now begin a great national conversation about economic renewal for America. It’s a conversation about how to Make American Great Again for everyone…